Investing in stocks is now easier with the right awareness and technology. For those people who are new to stock market it could be difficult but as said with every information present online you can learn it easily and invest in stocks yourself with low brokerage rates, there are some stock trading software that can provide you easy ways to invest with less fees.
We're gonna list some reliable, trustworthy, secure and the best stock trading software for residents of various countries like US, UK, India etc. You can choose the software for stock trading according to your location and other requirements.
Top Stock Trading Software For Online Trading
We'll be breaking the list into two major sections:
- People living in countries like US, UK, Canada etc.
- Non residents of above countries like India.
Let's just begin with the list of online trading platforms which can provide high return on your investments.
Fidelity Investments or it's also called as FMR LLC, it's an American multinational financial service corporation which was founded in 1946 and has 2.1 trillion USD as asset under management as of August,2016.
The software provides detailed information about investments. The user interface of the software is quite simple which can be understood easily, earlier it used to be one of the worst but has improved a lot since then.
It provides you large number of resources to help you with your investment.
You can also monitor watchlists, set alerts and see streaming quotes.
At Fidelity, trades for online stock begins at $7.95.
But for those with less than $2500 budget it could be an disappointment since you need at least $2500 to get a trading account at Fidelity. If you have much then this is for you to get good ROI.
2.) Options House
One of the best and most preferred online stock trading platform i.e OptionsHouse, which was founded in 2005
It is one of the stock trade software that gives you the services of online trading at some really cheap rates, the fees for this is genuine and affordable.
The software is customizable which simply means you can set the important data which you need.
OptionsHouse gives you a number of trading options like stocks, bonds, ETFs, IRAs, mutual funds.
Bidding, selling and buying stocks is easier with OptionsHouse since the software is so user friendly and you can do all that with just a click.
The price for online trading at Fidelity was $7.95 but for OptionsHouse it's as low as $4.95 which makes a huge difference. The base rate is $4.95 with a contract price of $0.50 per contract.
Reaching their customer support is easy (weekdays Mon-Friday support only), you can either contact them by phone, email or live chat even.
If you are just a beginner and want to expand your knowledge about investments then they offer you free articles, videos and webinars to learn all these.
You can get personalized investment coaching for free of cost for 14 days.
Whether you are a beginner or an expert, TradeKing has something for you.
The plus point of this stock trading software is that it has risk vs rewards and forecasting tools which seem to be useful for investing in profitable stocks.
You'll get resources at Tradeking that will help you in investing.
The cost for stock trade at TradeKing is $4.95 just like OptionsHouse. The price for options contracts at TradeKing is $0.65 and the price of broker-assisted trades is $20.
You'll be charged $50 if your combined household account holds less than $2500 and you do not place any trades within 1 year.
4.) TD Ameritrade
TD stands for Toronto-Dominion. This is one of the best stock trading software to grow with.
The best part about this stock trading software is that it doesn't require any deposit/investment for opening a trading account.
On one side if it gives you a chance to grow your investment career by not asking for any investment to open an account then on the other hand it is a bit costlier than others, online trades at TD Ameritrade starts at $9.99 and broker assisted fees is $44.99, both of these prices are higher than the previous ones listed above.
TD Ameritrade is the second name of trust, reliability and brand recognition, this software has been in the business for over 40 years and still functioning perfectly.
You can trade stocks, options, ETFs, IRAs, mutual funds and bonds and it also offers Forex and Future options.
One more plus point of this online trading software is that their customer support is always active and you can contact them anytime 24/7 via phone, email or live chat.
Another name which has become quite popular among traders is Suretrader.
It has no account minimums and no pattern day trading restrictions. It's a great place for those who are just getting started in this investment business.
The price for online trades are as low as $4.95 (up to 1000 shares).
The customer support is good.
6.) Options Express
Trade in stocks, options or bonds, it gives your almost all major investing opportunities but it has a drawback i.e you cannot set alerts for mobile trading platform.
Online stock trades starts at $8.95 and there is no additional fee for broker assisted trades.
The price for option trades starts at $14.95 for 10 contracts, more than 35 traders in single quarter can lower the cost to around $12.95.
TD Ameritrade may acquire Scottrade, the name will now be more authentic after the deal.
The company was founded back in 1980 and operates in both online and at retail locations.
The lowest cost for the stock trade is $7 which is in the range of industry averages but the broker assisted fee is high which starts at $32.
The kowledge center of Scottrade is capable enough to answer your investment questions and reach your investment goals.
Stock Trading Software or Platform in India
Now comes the second section of the page which is dedicated to Indian stock trading software or online trading sites.
1.) Zerodha Pi
Reliable, affordable and functionable. If you open an account with them then this software for stock trading is free for you.
You can also write your trading algorithm for generating alerts which clearly says it is quite customizable.
Zerodha offers brokerage rate of Rs 20 per trade irrespective of the volume of trade.
You can also integrate Ambibroker if you want to purchase data from them.
2.) Motilal Oswal
This investment management company was founded in 1987 and have been 4 time winner of Best Performing Equity Broker.
You have to pay absolutely nothing to open a trading account with them.
You can easily access this on desktop, web, mobile and tablets even.
Technical charts and live streaming quotes will help you to make the right investment.
To sum up, it is a trustworthy stock trading software or online platform to invest in stocks.
One of the major full service brokers in India.
It cost you around Rs 500 to open an account (it does offer free trading and account opening, check if it's available now) and Rs 400 for yearly maintenance.
4.) Angel SpeedPro
Angel Speedpro is one of the best desktop based stock trading software with high customer satisfaction.
If you are good at technical analysis and understand the charts then this advanced stock trading software is definitely for you.
Angel SpeedPro provides you 30 days intraday and 20 years historical data with 70 + studies for advance technical analysis, not only historical data but it also gives live streaming rates.
It offers LIFETIME FREE DEMAT ACCOUNT.
Use these stock trading software and their tools to invest better and reach your investment goals.